Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.9562881 |
details, prediction |
Bitcoin
BTC
|
0.9555019 |
details, prediction |
TRON
TRX
|
0.9468462 |
details, prediction |
ZCash
ZEC
|
0.9202781 |
details, prediction |
ChainLink
LINK
|
0.7359661 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.9626425 |
details, prediction |
Algorand
ALGO
|
0.95502 |
details, prediction |
DASH
DASH
|
0.8806325 |
details, prediction |
Cosmos
ATOM
|
0.52032554 |
details, prediction |
Bitcoin SV
BSV
|
0.5015065 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.95909315 |
details, prediction |
Constellation
DAG
|
0.95747036 |
details, prediction |
V Systems
VSYS
|
0.9555772 |
details, prediction |
Enjin Coin
ENJ
|
0.8962491 |
details, prediction |
Electroneum
ETN
|
0.85890067 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that UNUS SED LEO price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of UNUS SED LEO
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.9695485 |
details, prediction |
Crypto.com Chain
CRO
|
-0.95033574 |
details, prediction |
Cardano
ADA
|
-0.9083917 |
details, prediction |
Stellar
XLM
|
-0.84122044 |
details, prediction |
XRP
XRP
|
-0.72689915 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.9978161 |
details, prediction |
IOTA
IOT
|
-0.97606105 |
details, prediction |
aelf
ELF
|
-0.97360694 |
details, prediction |
Verge
XVG
|
-0.97264206 |
details, prediction |
Theta Fuel
TFUEL
|
-0.9658242 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.9899239 |
details, prediction |
PIVX
PIVX
|
-0.98171574 |
details, prediction |
Lisk
LSK
|
-0.97677 |
details, prediction |
ARK
ARK
|
-0.9716124 |
details, prediction |
QuarkChain
QKC
|
-0.96791106 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)